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Get the Best Price - Property Makes Profits in Cooling Market

Thursday 26 April 2018, 4:26PM

By Beckie Wright

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Recent reports say Property owners popped $640m in the bank from sales over a three month period despite a cooling market with fewer sold. The new data from CoreLogic from the last quarter of 2017 showed there was still healthy profit to be made from property.

The company's Pain and Gain report shows Aucklanders snapped up the largest gains in the country with a median profit of $370,000 per sale. This was up from $360,000 in the previous quarter. Nick Goodall from CoreLogic said the number of properties sold at a loss also continued to fall. "Capital gains have slowed down dramatically but those that are selling are pocketing pretty hefty wads of cash," he said.  "It's not surprising because we have had such great growth."

Other parts of the country enjoyed property gains - although not as large as those pocketed by Auckland sellers. The median gains made per sale were $206,500 in Hamilton,$227,500 in Tauranga, $200,500 in Wellingon and $135,000 in Christchurch. The third quarter of 2017 saw an increase in the number of properties sold at a loss but this has dropped back again.

To get the price in this market presentation is crucial. Megan Hand from HomeStaged owns and operates a homestaging company based in Lower Hutt. She has been staging homes for over four years in the Wellington region and has of experience in all different types of properties from one-bedroom apartments to five-bedroom mansions, brand new homes and dated décor disasters. “The reason you would employ a home stager is because you want to achieve the best price possible for your property and you are prepared to do that bit extra in order to achieve your top price. All the best real estate agents will suggest getting home staging done. They know that it works,” she says.

HomeStaged arranges professional home staging for agents, developers and homeowners that is customised to their space and needs. “If you want to look back on the selling process without regrets and not wonder oh, what if I did this? or that?. If you want to have done everything you possibly can do in order to achieve top dollar for your property, then homestaging is definitely the way to go and I’m here for you, ready to do all I possibly can to help you achieve your target price,” says Megan.

For more information on home staging Wellington, house staging, Partial Home Staging, Magic Wand Service and more, visit https://www.homestaged.co.nz/. For queries contact Megan Hand on 021 2942837 or email megan@homestaged.co.nz